ARTICLES ABOUT GENPACT BY DATE - PAGE 5

BANGALORE/MUMBAI: Global credit rating agency Moody's Corporation is seen vying with outsourcing firm Genpact in bidding for investment research and analytics company Amba Research , said people directly briefed on the matter. The bids for the Bangalore-based Ambaâ€"founded by former directors of research at Goldman Sachs , JP Morgan and Deutsche Bank â€" could come in the range of $90 million to $100 million, which is slightly below the company's asking price.

NEW DELHI: Some of India's best-known companies have joined a global business coalition against corruption in a rare and timely demonstration of their commitment to fight graft. The move by Infosys, Wipro, Godrej Industries, Genpact and Bajaj Auto could put the spotlight on corporate India's role in bribery at a time corruption and rent-seeking dominate the national discourse and an anti-corruption fight sits uppermost on the minds of many Indians. Best Reads of The Day: Murthy, Tatas explain role in Kejriwal funding Auto majors hire more women mechanical engineers for better productivity Mall owners relocate other brands for Starbucks Microsoft's Windows 8: Is it worth the hype?

NEW DELHI: BPO major Genpact today said it has signed a five-year agreement with Centrica to help drive effectiveness in the energy services company's Finance , Accounting (F&A) and management reporting processes. No financial details were divulged. Centrica is a top 30 company on the FTSE 100 Index with operations predominantly in the UK and North America. Genpact will streamline and manage F&A and management reporting processes for British Gas, which serves 13 million households and 1 million businesses in the UK and for its sister company, Direct Energy, which serves 6 million customers across Canada and the US, Genpact said.

DELHI/KOLKATA: If the last three rounds of the Idea Brand Equity Quiz are anything to go by, this looks to be an exceptional year both in terms of teams and the questions they find themselves up against. Genpact won the Delhi round of the quiz held on November 2, while TCS bagged the honours at the Kolkata leg held a day later. In the Delhi round, IT services firm Genpact's Rohan Khanna and Anupam Jain found themselves battling advertising agency McCann Erickson in the finals.

NEW DELHI: BPO major Genpact today reported 47.5 per cent decline in net profit to $25.2 million for the third quarter ended September 30, impacted by "foreign exchange re-measurement loss and expenses related to special cash dividend". This is against a net income of $48 million in the same quarter of 2011. The company follows January-December as its financial year. "Third quarter 2012 net income and margin reflected the impact of a foreign exchange re-measurement loss as well as expenses related to: the special cash dividend; associated debt refinancing and withholding taxes; and the sale of shares by Genpact's original sponsors," it said.

BANGALORE: NYSE-listed technology services firm Genpact reported a 60% sequential decline in net profit for the third quarter ended September 30, hurt by forex losses and expenses related to a special cash dividend of $500 million. For the third quarter, the Gurgaon-based firm earned $25.2 million (about Rs 137 crore), down from the $61 million it earned in the previous quarter. The Gurgaon-based firm had earned a net profit of $48 million in the same period last year.

When Bharat Petroleum (BPCL) revisited its vision statement last year, it was the third time it had done so over the past 15 years. The first time public sector major set out to create a vision for itself was when the petroleum sector was opened up to private players and it was gearing up for major changes. Over 5,000 employees — nearly one-third of the workforce — participated in that exercise, rather unusual at a time when creating the corporate vision was considered the prerogative the top management team, with a little help from consultants who specialised in these matters.

NEW DELHI: Competition Commission has approved American private equity firm Bain Capital's proposal to acquire 30 per cent stake in Indian IT firm Genpact. Giving the green signal, the fair trade regulator said the acquisition would not have adverse impact on the domestic IT-BPO sector. Bain Capital, co-founded by US Presidential candidate Mitt Romney , would acquire nearly 68 million shares, representing 30 per cent stake, of Genpact for about $ 1 billion. The shares would be purchased from the domestic firm's two stakeholders -- General Atlantic and Oak Hill Capital.

Companies that are not promoting young leaders are risking innovation, creativity, new ideas, speed and energy, and ability to respond proactively to the market, says Pramod Bhasin , vice chairman of Genpact and a jury member for The Economic Times Young Leaders Programme . Of course you need experience, he concedes. But older people are burdened by their own failure. In an interview with Saumya Bhattacharya, Bhasin talks about leadership, succession planning and more. Excerpts: Do young leaders have it in them to be the leaders of tomorrow?

NEW DELHI: BPO major Genpact today said it has signed a master partnership agreement with Calypso Technology to implement the latter's capital markets software platform for global clients. No financial details were disclosed. Under the terms of the agreement, Genpact's Enterprise Applications Services (EAS) group will be able to provide a range of support services including implementations and upgrades for the Calypso Trading and Risk Management application software suite utilised by major financial institutions globally, Genpact said in a statement.